The Indian rupee opened marginally lower at 68.70 per dollar on Tuesday against previous close 68.67.
The dollar-rupee August contract on the NSE was at 68.88 in the previous session. August contract open interest increased 3.91% in the previous day, said ICICIdirect.
We expect the USD-INR to meet supply pressure at higher levels. Utilise upsides in the pair to initiate short positions, it added.
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